LightSquared, netTALK ink LTE wholesale deal

29 Jun 2011

LightSquared, the USD7 billion Long Term Evolution (LTE) open-access mobile network that will utilise satellite spectrum acquired by New York investment firm Harbinger Capital, has announced that it has entered into a ‘multi-year wholesale agreement’ with telecoms and consumer electronics company netTALK. Under the terms of the deal, netTALK will become a wholesale customer on LightSquared’s imminent hybrid satellite LTE network, developing its own branded voice and high-speed mobile data services. Anastasios ‘Takis’ Kyriakides, president of netTALK, commented: ‘Our partnership with LightSquared helps fulfil our vision of delivering the most advanced communications services to customers throughout America. With LightSquared’s wholesale business model, we also now have an opportunity to serve new customer segments with very competitive services’. Sanjiv Ahuja, CEO of LightSquared, added: ‘We are extremely excited to provide netTALK with access to the wireless broadband capabilities of the LightSquared network. This agreement reaffirms LightSquared’s commitment to enable new and innovative companies such as netTALK to compete in the US wireless market’.

United States, Ligado Networks (formerly LightSquared)